Goldman downgrades Kroger and Albertsons, says inflation will hit grocers' margins

The return of restaurants and rising food prices should put pressure on grocery store stocks in the months ahead, Goldman Sachs said in a note to clients on Tuesday. Analyst Kate McShane downgraded Kroger to sell from neutral and Albertsons to neutral from buy, saying that the companies were likely to be pinched by weakening…

Goldman Kroger and Albertsons
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The return of restaurants and rising food prices should put pressure on grocery store stocks in the months ahead, Goldman Sachs said in a note to clients on Tuesday.

Analyst Kate McShane downgraded Kroger to sell from neutral and Albertsons to neutral from buy, saying that the companies were likely to be pinched by weakening demand and higher costs.

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Goldman downgrades Kroger and Albertsons, says inflation will hit grocers' ... The return of restaurants and rising food prices should ... in the months ahead, Goldman Sachs said in a note ... McShane downgraded Kroger to sell from neutral and Albertsons to neutral ...

 

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